ACAMS
CAMS · Question #534
Which of the following best describes the Basel Committee on Banking Supervision's principles on customer due diligence?
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
Which of the following best describes the Basel Committee on Banking Supervision's principles on customer due diligence?
Options
- AMultilateral agreement between all members.
- BA recommendation to members and banks.
- CGenerally accepted terms issued by big international banks.
- DA country's initiative to increase the reputation of its financial market.
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Topics
#Basel Committee#CDD principles#regulatory recommendations#banking supervision